Have We Reached A Turning Point For Bitcoin Exchange DDoS?

Home » News • Trading » Have We Reached A Turning Point For Bitcoin Exchange DDoS? Have We Reached A Turning Point For Bitcoin Exchange DDoS? Posted in News , Trading By Jonathan Stacke On April 19, 2013 As you're probably aware, Mt. Gox fell victim to another DDoS attack yesterday. Anyone who's been involved with Bitcoin for more than a week knows this is a relatively common occurrence. That said, there was something very different about this attack that if repeated consistently should lead to a reduction in frequency of DDoS downtime: your reaction. The most commonly assumed incentive to DDoS a bitcoin exchange is to profit from the ensuing chaos. Remove the chaos and you remove the incentive to attack. That's exactly what happened yesterday. Why DDoS an exchange? Malicious traders use botnets to deliver thousands of micro transactions to an exchange, overloading the ser...